Coast and Country Mortgage Specialists

Coast and Country Mortgage Specialists Coast & Country are a boutique mortgage brokerage located on the Gold Coast, servicing Australia wide. CRN 512331 is authorised under ACL 384324.

Your complete financial situation will need to be assessed before acceptance of any proposal or product.

We understand that the cost of living has put people under pressure! Its important to regularly review your home loan to...
19/09/2023

We understand that the cost of living has put people under pressure!

Its important to regularly review your home loan to ensure that your interest rate is still competitive!

Contact us for a home loan review today!
12/09/2023

Contact us for a home loan review today!

Thank you for your kind words Lee!
11/09/2023

Thank you for your kind words Lee!

There’s no relief in sight for renters as rental vacancy rates fell again during Q3, signaling rent increases aren’t sto...
10/09/2023

There’s no relief in sight for renters as rental vacancy rates fell again during Q3, signaling rent increases aren’t stopping just yet.

According to the latest data from PropTrack, vacancy rates are now close to half the level at the start of the pandemic after falling to 1.43% across the country.

Here at Coast and Country, we help tenants get into their own home sooner by educating them on exactly what deposit they will need saved.

We know that many households have been feeling the pinch during these past few months. Contact us today to find out how ...
08/09/2023

We know that many households have been feeling the pinch during these past few months.

Contact us today to find out how we can help ease the pressure!!

The Reserve Bank of Australia (RBA) has announced their third consecutive official cash rate pause, holding steady at 4....
07/09/2023

The Reserve Bank of Australia (RBA) has announced their third consecutive official cash rate pause, holding steady at 4.10% for another month.

This cash rate decision marks Governor Phillip Lowe’s final, as his seven-year tenure draws to a close. Mr Lowe’s successor Michele Bullock will step into the role from 18 September 2023, becoming the first female governor of the central bank.

CoreLogic estimated that 1.3 million home loans are expected to move from low fixed rates to high variable rates in 2023 and 2024, with the peak to hit in the second half of this year. Notably, CoreLogic Head of Research Eliza Owen stated that the “official data on mortgage stress” has not depicted any great surge in arrears despite many fixed-term loans expiring.

“The good news for mortgage holders is that this period of economic slowdown will also take the RBA closer to its long-term inflation target, which could be the impetus for a reduction in the cash rate in the second half of 2024, as predicted by most major banks,” Ms Owen said.

Contact us to ensure your current loans is still suitable for your needs.

Thank you for your kind review, Sam!
08/05/2023

Thank you for your kind review, Sam!

Buy now pay later services that allow consumers to make purchases and spread the cost of items over several interest-fre...
08/05/2023

Buy now pay later services that allow consumers to make purchases and spread the cost of items over several interest-free instalments have grown in popularity over the past few years. However, for homebuyers, there might be risks that they are not aware of.

When lenders assess your ability to borrow, they are going to take a very close look at your entire financial situation. If you've been using buy now pay later services, there might be some red flags that could hurt your application.

Here are four things to consider if you're a home buyer.

1. Debt-to-Income Ratio
Using BNPL services can increase your overall debt-to-income ratio which might make it harder to get a loan.

2. Lower credit score
BNPL services might also negatively impact your credit score, especially if you miss any payments.

3. Overspending
BNPL can make it easy to buy things, overspend and accumulate debt which can make it harder for you to save for a deposit on a property.

4. Reduced access to credit
If you have an outstanding BNPL balance, some lenders may consider this a form of debt and be less willing to lend you money for a property.

Thank you, Oliver! We were able to assist this client with formal approval in a record time of less than 12 hours! ...
01/05/2023

Thank you, Oliver! We were able to assist this client with formal approval in a record time of less than 12 hours!

Thank you for your review and continued support, Mike!
24/04/2023

Thank you for your review and continued support, Mike!

5 Stages of Property Settlement 1. Select the dateThe day settlement takes place is normally decided upon in advance and...
18/04/2023

5 Stages of Property Settlement

1. Select the date

The day settlement takes place is normally decided upon in advance and is outlined in the contract. On the settlement date, the buyer officially transfers the funds to the seller.

2. Preparations

In general, your conveyancer will take care of the settlement and it’s not something that you will attend in person.

During this period, the seller might be required to produce certain documents or records to fairly distribute costs for things like rates or water usage. At the same time, the buyer should be working with their mortgage broker to ensure they have everything in place to purchase the property on the correct date.

3. Final inspection

In the week prior to settlement, the buyer can normally go through the property.

You will want to check for any new damage that might have occurred, that all the appliances and fixtures are in good working order and that the rubbish has been removed. If there are any problems, have your representative talk to the seller or their team.

4. Final payment

The final payment that the buyer will need to make is calculated prior to settlement. This payment takes into consideration all the financial factors that might be involved such as tax implications and stamp duty, as well as concessions such as the first home grant or other government schemes.

They will also compensate either party for the bills and costs up to that date based on what has been paid.

5. Ownership is transferred

The final part of the process is the official transfer of the property from the seller to the buyer.

The payment from the buyer is given to the seller's representative who provides the transfer documentation. Any third-party rights or caveats are released and the ownership details are then recorded with the official government body.

Finally, the seller receives payment from the buyer's cash or loan account and the buyer takes possession of the property.

Always a pleasure to assist you, Sandra! Thank you for the kind words.
17/04/2023

Always a pleasure to assist you, Sandra! Thank you for the kind words.

Address

104/6 Waterfront Place
Gold Coast, QLD
4226

Opening Hours

Monday 7:30am - 8:30pm
Tuesday 7:30am - 8:30pm
Wednesday 7:30am - 8:30pm
Thursday 7:30am - 8:30pm
Friday 7:30am - 8:30pm

Telephone

+61481140560

Website

Alerts

Be the first to know and let us send you an email when Coast and Country Mortgage Specialists posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Coast and Country Mortgage Specialists:

Shortcuts

Share

Category